Use the Information Below to Answer the Following Questions

question 8

Multiple Choice

Use the information below to answer the following questions:
The Weighted Average method is used for process costing at OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

-What is the cost per equivalent unit for direct materials at OxyCorp?

• A) $3.55
• B) $3.72
• C) $3.33
• D) $2.97

---

Definitions:

Validity of Contract

The legal enforceability of a contract, determined by its adherence to legal requirements such as agreement by competent parties, lawful subject matter, and consideration.

Rejected Offer

A proposal that has not been accepted by the party to whom it was extended.

Legal Obligation

A duty enforced by law, requiring an individual or entity to conform to certain actions or to refrain from certain acts.

Unilateral Mistake

A situation in contract law where only one party is mistaken about a material fact regarding the contract terms or subject matter.